News content
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Kazakhstan Temir Zholy (KTZ), the Kazakh state-owned rail company, has signed a $300m loan with the European Bank for Reconstruction and Development and five other international lenders. -
Israeli pharmaceutical company Teva has 15 days to raise $33.75bn of funds to buy US firm Allergan's generics business.
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Stahl, the Dutch provider of chemicals for leather processing, has postponed its €585m refinancing and dividend payment loan after being jostled out of the market by competition.
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British retailer House of Fraser on Monday announced a £175m floating rate issue, part of an all debt refinancing strategy that includes loans and new revolving credit facilities.
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Central China Securities Co wrapped up a HK$2.53bn ($327m) placement on July 24, allowing its shares to resume trading on Monday after what had turned out to be a longer-than-usual bookbuilding process.
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Italian steelmaker Finarvedi on Monday launched its €300m note, the company’s first issue, with the aim of cutting down the group’s use of short term funding.
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Brazilian credits had yet another tough day on Friday to complete a torrid week for the country in bond markets. The rough ride has put at least one issuer off of coming to market.
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One of the two largest project finance loans in the Turkish pipeline has already been financed entirely by local banks, but there could be international lenders in a forthcoming motorway project.
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UBS will begin issuing TLAC-eligible holding company debt in the third quarter of this year, when it also plans to return to the additional tier one (AT1) market it debuted in earlier this year.
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The deadline for banks to submit proposals for Turkish Airlines’ loan is the end of this week, according to a banker on the deal.
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What many bankers view as the final week for FIG issuance before the summer break has suffered an early setback, after China’s stock market plunged 8.5% on Monday.
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Georgian firm Rustavi Azot has held price guidance for its $180m five year non-call three notes at 12.5%-13% and is expecting to price the deal later on Monday.
